Gordon Long’s analysis of the long reach of British Petroleum should give pause to those screaming for its hide. As with the previous list of reckless gamblers, BP is clearly too big to fail, and the public trough (aka Fed balance sheet) will, in the end, be its only source of rescue. Be sure to [...]

A Gold Economy Begins by Bill Sardi June 21, 2010 LewRockwell.com Sometimes what is happening before our very eyes escapes recognition – that a major change in modern American society is underway. For example, when Starbucks Coffee Company went public in 1992 with an existing chain of 165 coffee shops and a track record of [...]

The euro mutiny begins By Ambrose Evans-Pritchard June 16th, 2010 The rebellion against the 1930s fiscal and monetary policies of the Euro-complex is gathering pace. Il Sole has published a letter by 100 Italian economists warning that the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Far from holding the [...]

This reminds me of the Arabian Nights. The World’s First Gold ATM Machine was placed in the Emirates Hotel in Abu Dhabi, which is the capital of the United Arab Emirates and a modern city that was planned in the 1970′s. See below for a picture of downtown. Abu Dhabi looks like it is on [...]

Bankers jailed, sued as Iceland seeks culprits for crisis By Agence France-Presse May 13th, 2010 12:21 am REYKJAVIK — More than a year and a half after Iceland’s major banks failed, all but sinking the country’s economy, police have begun rounding up a number of top bankers while other former executives and owners face a [...]

John Williams: A Hyper-Inflationary Great Depression Is Coming by Ellis Martin and Karen Roche The Gold Report April 30, 2010 ShadowStats’ John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a “Hyper-Inflationary Great Depression” is now unavoidable. John also shares [...]

Almost one million page views of what should otherwise be regarded as an arcane and technical debate from the last century indicate that Americans thirst for a sound understanding of economics. That number can be expected to grow as another jobless recovery is touted by the old media. The popularity of this Youtube video posted [...]